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Description

1793 S-2, B-2 Chain Cent, XF45
The 14th Finest S-2 Cent

1793 Chain 1C AMERICA XF45 PCGS. S-2, B-2, High R.4. Ex: Boka. Breen Die State II. The late die state with a bulge at the base of 793 and faint clash marks below the bust. There are five known die varieties of the Chain cents, all struck during the last few days of February and first two weeks of March 1793. Production totaled 36,103 coins that the coiner delivered in small batches on eight different days from March 1 to March 12.
The five varieties include the NC-1 rarity, with only two known and one of those in the ANS, the Chain AMERI cent that is easily the most popular variety, the Periods Obverse variety, and two "Normal" Chain Cent varieties. Of those, the S-2 is distinctly rarer than the S-3. Walter Breen attempted to correlate rarity of each variety with the delivery dates, suggesting a "mintage" for each individual die pair. Such an accounting is now thought impossible to reconstruct.
Bill Noyes gives this piece a sharpness grade of VF35 and a net grade of VF30, placing it in a tie for 14th finest known. He rates the surfaces Average. While we agree with his net grade, our opinion of the sharpness is XF40. The surfaces are generally pleasing with a few minuscule handling marks and planchet flakes. Magenta toning appears on the high points, with mahogany surfaces, indicating that this piece has been cleaned and retoned. Certainly, the later toning was expertly applied and posed no concern to PCGS when they graded this example. Our EAC grade VF30.
Ex: Tom Reynolds; Denis W. Loring (4/24/1998); Jon Alan Boka (privately, 11/25/2009).
From The Wes Rasmussen Collection.(Registry values: N7079) (NGC ID# 223F, PCGS# 1341)

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Auction Info

Auction Dates
January, 2013
9th-14th
Internet/Mail/Phone Bidders: 14
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Rasmussen Special Edition Catalog
This hard bound volume contains the magnificent Wes Rasmussen Large Cent Collection, formed by a former President of the Early American Coppers society which was auctioned at the 2005 Florida United Numismatic Auction. Reserve your copy of this remarkable volume for just $75 today.
Rasmussen Signed Limited Edition Catalog
A hard bound limited library edition of the Wes Rasmussen Collection Catalog, signed by Wes Rasmussen, Mark Borckardt, Greg Rohan, and Denis Loring, is available while supplies last. Only 100 produced. Reserve your copy of this remarkable limited edition signed volume for just $150 today.

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